Nimbla is a London-based digital insurance platform designed to give small and medium-sized businesses a flexible and affordable way to insure individual invoices, helping protect them against insolvent and late paying customers.
With Nimbla’s unique technology, businesses can insure a single invoice for a lot less than traditional trade credit insurance.
Nimbla’s solution provides simplicity and speed and aims to disrupt a market where a sale typically takes days or weeks as opposed to a few minutes.
Nimbla understood that in order to quickly and accurately assess the risk of their customers they would need access to their customers' accounting data.
Nimbla understood that they needed to provide a seamless way for their customer to share their contributed accounting data.
Time consuming in-house build
Nimbla understood the importance of accounting integrations however, they knew that building and maintaining integrations was a costly and lengthy ongoing process.
Codat acts as a data processor when building integrations, mapping data in a standard format independent from the accounting software their customers use. This is then fed directly into into Nimbla's risk model allowing for fast and accurate decisions.
Seamless customer experience
Codat helped Nimbla deliver a faster, more convenient experience for their customers by tightly integrating their product with their accounting software - a fully white labelled solution.
A single API
Rather than spend time trying to build individual integrations to the different accounting platforms their customers used - Codat allowed them to connect via a single API, built, maintained and managed by Codat.
“Using Codat means we were able to give our customers quick and easy access to their invoices in Nimbla. Without Codat this would've been a lot more work. This improves the product experience for our customers and gives us access to important invoice data.”